INVESTMENT IN OIL AND GAS PROPERTIES (Tables) (Guinea concession)

6 Months Ended

Dec. 31, 2013

Guinea concession

Investments in oil and gas properties

Schedule of total capitalized costs of oil and gas properties

The following table provides detail of total capitalized costs for our Guinea concession as of December 31, 2013 and June 30, 2013 (in thousands):  

	December 31, 2013			June 30, 2013
Oil and Gas Properties:
Proved Oil and Gas Properties	$	116,753		$	116,753
Unproved Oil and Gas Properties	14,094			14,365
Other Equipment Costs	6,809			6,809
Total Oil and Gas Properties	137,656			137,927
Less — Accumulated depreciation, depletion and amortization costs	(116,753		)	(116,753		)
Unevaluated properties not subject to amortization	$	20,903		$	21,174